Good evening folks, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price action has traced out a somewhat larger three wave pattern to another lower high today.
I am still viewing this lower high as wave ‘ii’ of (v),
the action is corrective to the upside and should be followed by an impulsive move lower in wave ‘iii’ down.
The minimum target for wave ‘iii’ of (v) lies at 1.0694 at the wave (iii) low.
this falls short of the ideal target at 1.0450.
But we will take one step at a time.

Tomorrow;
Watch for wave (iv) to hold at 1.0887.
Wave ‘iii’ of (v) must turn lower soon.
And I am expecting a low for wave ‘iii’ near 1.0700.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is still holding just below the recent highs at 1.2707.
This marks a possible top for wave ‘ii’,
but I am going to allow for another break of that level in the wave count because we are soo close to the top even now,
and because the rally up in wave ‘c’ is incredibly hard to pin down as a solid pattern in any form.
I am just going to say that wave ‘c’ is a combination wave within a complex correction.
The outcome should be the same,
a drop back into wave ‘iii’ down as shown.

Tomorrow;
Watch for a completed wave ‘c’ of ‘ii’ above 1.2707.
wave ‘iii’ of (iii) will be confirmed with a break of 1.2517.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The triangle pattern for wave (iv) continues to hold today and wave ‘iii’ of (v) is close to pushing out to a new high again.
The price action is not impulsive to the upside yet,
but I am looking for a rally back towards the 152.00 level to confirm this pattern over the next few sessions.

Wave (v) is expected to break above the 152.36 level at a minimum.
but the larger wave [iii] green will reach equality with wave [i] up at 154.40,
so that gives a wide target range for this wave to complete.
The higher wave (v) goes,
the better this wave count fits.

Tomorrow;
Watch for wave (iv) to hold at 150.04.
Wave ‘iii’ of (v) should continue higher as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A small correction sideways today and we may be looking at wave ‘iv’ of (v) underway now.
The wave ‘i’ high at 38840 should hold if this rally in wave (v) is a straight forward impulsive pattern to the top.
but nothing in wave [v] has gone according to the plan.
So going by that precedent,
wave (v) of [v] can get complicated also.

As far as the expanding wedge pattern for wave [v],
the minimum expected target has already been met with the new high last week.
So its a battle between two competing less than perfect patterns for wave [v].

Tomorrow;
Lets see if wave (v) pink turns higher towards the Fibonacci extension at 39640.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We actually have a small three wave decline in place now off Fridays highs.
this action suggests wave ‘3’ of ‘c’ is now underway.
And we should see a run higher towards the 2090 level to complete wave ‘c’ of (ii) later this week.
That low at wave ‘2’ must hold at 2015 for this idea to remain valid.
As long as that holds,
wave ‘c’ is set to run higher for the rest of the week.

Tomorrow;
Watch for wave ‘2’ to hold at 2015.
Wave ‘3’ of ‘c’ should turn higher again tomorrow.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am showing you this count tonight as a possible explanation for the choppy action over the last weeks.
I was expecting a new high to complete wave [c] of ‘2’,
but that has not materialized yet at least.

the decline off last weeks high is labelled as wave (i) down off a completed wave ‘2’ now.
This count requires a continued five wave pattern off the high as shown to complete wave [i] of ‘3’ back bear 71.50 again.
So this idea will be either confirmed or ruled out pretty soon.

Tomorrow;
Watch for the recent high to hold at wave ‘2’.
Wave [i] of ‘3’ down will be confirmed with a five wave de cline back into the previous wave [b] lows at 71.43.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The action today has not revealed much about the nature of wave (v) blue.
A small correction off the highs suggests we will see another run up this week in wave (v).
That may open up another pattern for wave (v) that I have not yet considered.

I mentioned on the weekly video today that there is a target at 5215 where wave ‘A’ and wave ‘C’ reach equality.
that is the next likely level above us now to complete wave (B).
And if we get there,
that will open up another opportunity to see a proper market reversal build again.

Tomorrow;
This corrective action today will likely be retraced higher tomorrow.
And as wave (v) of [v] develops this week I think that a clearer pattern will develop by the end of the week to close out the larger wave ‘C’ of (B).

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The lower target for wave (v) of [c] of ‘2’ lies at 20.66,
this is best viewed on the 4hr chart.
That will complete a large second wave correction and set us up for a much larger run higher into wave ‘3’ of (3).
So,
if the short term count is correct here for wave [c],
then we should have enough time this week to complete this decline.

The price turned lower today in line with this pattern.
I am suggesting that wave ‘3’ of ‘c’ of (v) is now underway here.
Wave ‘3’ of ‘c’ should fall below 21.90.
and then from there it is a matter of one more step lower to close out the larger pattern.

Tomorrow;
Watch for the wave ‘b’ high to hold at 22.99.
A five wave decline into wave ‘c’ should develop from here.